Square Enix (OTCMKTS:SQNXF) Raised to “Strong-Buy” at Sanford C. Bernstein

Square Enix (OTCMKTS:SQNXF) was upgraded by equities research analysts at Sanford C. Bernstein from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Square Enix Stock Performance

Shares of OTCMKTS:SQNXF opened at $18.22 on Tuesday. The firm has a 50 day simple moving average of $15.88 and a 200-day simple moving average of $15.96. Square Enix has a twelve month low of $14.05 and a twelve month high of $26.07. The company has a market capitalization of $6.57 billion, a PE ratio of 24.29 and a beta of 0.50.

Square Enix (OTCMKTS:SQNXF) last posted its earnings results on Monday, August 10th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.10. The company had revenue of $492.09 million during the quarter, compared to analysts’ expectations of $412.01 million.

Square Enix Company Profile

Square Enix Holdings Co, Ltd., trading in the U.S. over-the-counter as SQNXF, is a Tokyo-based entertainment company widely recognized for its development and publishing of interactive digital entertainment. Formed in 2003 through the merger of Square Co, Ltd. and Enix Corporation, the company has built a reputation for producing narrative-driven role-playing game (RPG) franchises. Its flagship series include Final Fantasy, Dragon Quest and Kingdom Hearts, each of which has generated critical acclaim, spin-off media and merchandising opportunities around the world.

The company’s core business activities span the creation, marketing and distribution of video game software across console, PC and mobile platforms.